2011: A Different Type of Investing Year

Fisher Investment Policy Committee have detailed their market and macroeconomic forecast for 2011. In a roundtable discussion with five members of the firm’s committee, forecasts for the balance of 2011 were outlines and investor’s questions answered.

Fisher Investment Policy Committee have detailed their market and macroeconomic forecast for 2011. In a roundtable discussion with five members of the firm’s committee, forecasts for the balance of 2011 were outlines and investor’s questions answered.

“We think 2011 will be very different than recent years. In any of the last four years, getting market direction right was most important. You either got that right or you got that wrong. We think this is a year where… the market may not end up having gone very far one way or the other by the end of the year—most likely up a little—so getting more granular decisions right will be more important than broad market direction,” says CEO and Chief Investment Officer Ken Fisher.

According to Fisher, the past two years have been part of a “V”-shaped recovery. The worst-performing categories of stocks bounced off the bottom of the bear market.

He continues, “2011 is likely to be a transition year for markets, and in our view, industry-specific drivers supplant the more macro drivers that have dominated for the past several years. This increases the likelihood that you need to make stock picks better, that you need to make your bets better, and you can have a perfectly fine year if you do that.”

To hear more about what Fisher has to say, view their video.

Full report from PR Newswire.